Bringing you live news and features since 2006 

HNW lends GBP23m against property

RELATED TOPICS​

HNW Lending, an alternative lender that provides individual loans of between GBP50,000 and GBP2million to clients against valuable assets, lent GBP14 million against individual homes or portfolios of property in the year to end March 2017, bringing its total loans on property to GBP23 million. 

The loan to value (LTVs) is up to 80 per cent, and the process generally takes no longer than a week to complete. 
 
It expects to provide significantly more property loans in 2017 and beyond because its ability to raise funds has been enhanced by receiving HMRC and FCA approval to offer Innovative Finance ISAs (IFISA), with minimum investments of GBP5,000.  The company will offer returns of between 7 per cent per annum and 15 per cent per annum. 
 
Since its launch in April 2014, HNW Lending has lent GBP23 million against property.  Overall, 95 per cent of this has been against UK based properties, and 5 per cent against overseas homes – primarily in France and Spain.
 
Although the lender provides loans against a variety of assets from jewellery, fine wine, classic cars and even yachts, 95 per cent of its lending this year has been against property. Many of its clients have found it difficult to secure extra funding from their mortgage providers because of their age, or because mainstream lenders are less keen on larger loans.  They may also have complex incomes or finances that do not fit the traditional criteria used by banks and building societies.
 
Ben Shaw, founder and director of HNW Lending, says: “Lending against property is the biggest part of our business, and as traditional lenders tighten their loans criteria, we expect it to be the fastest growing.”

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by